Gang, here's another interesting article ...Tuesday, December 20, 2005Inman NewsWhen owners of a primary residence or rental real estate were asked how concerned they are about a real estate crash within the next six months that will have a major impact on their personal financial situation, 14 percent said they are "very concerned" and 4 percent said they are "extremely concerned," according to a survey of 1,000 investors.The survey, conducted by Amplitude Research in mid-December for AFA Financial Group LLC, a securities broker-dealer firm, also found that, of the 480 individual investors who have obtained a new mortgage or refinanced within the past three years, about 17 percent indicated they were "very concerned" or "extremely concerned – I think about it constantly" that the loan amount is too high or the mortgage terms too risky. About 34 percent were "not concerned at all."When asked "how do you primarily make financial investment decisions," 30 percent identified "with counsel from a certified financial planner" and 16 percent "with counsel from an accountant or CPA." The most frequently identified source of outside input was "from family and friends."Amplitude Research conducted the online survey from Dec. 15-17. Qualifying criteria were respondents who have investments besides their primary residence (stocks, bonds, mutual fund, money market fund, real estate, or individual retirement account). About 55 percent of the respondents had household income greater than $60,000, with 20 percent having household income of more than $100,000. There were 1,007 survey completions, which represents a margin of error of 3.07 percent at a 95 percent confidence level.Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula
